J.W. Cole Advisors Inc. Raises Stock Position in PGIM Active High Yield Bond ETF $PHYL

J.W. Cole Advisors Inc. grew its position in PGIM Active High Yield Bond ETF (NYSEARCA:PHYL) by 32.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 26,853 shares of the company’s stock after purchasing an additional 6,571 shares during the period. J.W. Cole Advisors Inc.’s holdings in PGIM Active High Yield Bond ETF were worth $953,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Prudential Financial Inc. lifted its holdings in PGIM Active High Yield Bond ETF by 32.9% in the second quarter. Prudential Financial Inc. now owns 1,896,065 shares of the company’s stock valued at $66,656,000 after acquiring an additional 469,822 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in PGIM Active High Yield Bond ETF by 63.2% in the second quarter. State of New Jersey Common Pension Fund D now owns 775,000 shares of the company’s stock valued at $27,505,000 after purchasing an additional 300,000 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of PGIM Active High Yield Bond ETF by 21.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 680,797 shares of the company’s stock valued at $24,161,000 after purchasing an additional 122,156 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in shares of PGIM Active High Yield Bond ETF by 141.3% in the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 556,890 shares of the company’s stock valued at $19,764,000 after purchasing an additional 326,057 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in shares of PGIM Active High Yield Bond ETF by 71.3% during the 1st quarter. LPL Financial LLC now owns 431,349 shares of the company’s stock worth $15,020,000 after purchasing an additional 179,539 shares during the period.

PGIM Active High Yield Bond ETF Trading Up 0.1%

Shares of NYSEARCA:PHYL opened at $35.45 on Wednesday. The company has a market capitalization of $462.62 million, a price-to-earnings ratio of 2.48 and a beta of 0.40. PGIM Active High Yield Bond ETF has a 12-month low of $32.98 and a 12-month high of $35.83. The business has a 50-day moving average price of $35.57 and a 200 day moving average price of $35.29.

About PGIM Active High Yield Bond ETF

The PGIM Active High Yield Bond ETF (PHYL) is an exchange-traded fund that is based on the Bloomberg US High Yield Very Liquid index. The fund is an actively managed portfolio of high yield bonds. The fund seeks total return. PHYL was launched on Sep 24, 2018 and is managed by PGIM.